Congress Bows To Big Oil In Burma

08/02/2008 05:12 am ET | Updated May 25, 2011

Caving to big oil demands, the Senate on Tuesday approved a plan that intensifies trade sanctions against Burma's military regime but abandons an earlier push to penalize Chevron, the last major U.S. company propping up the repressive junta.

The move marks a departure from an earlier House-passed proposal that would have eliminated a large tax break for Chevron, potentially prodding the company to divest its share in a controversial natural gas field off the coast of Burma. Supporters of the House bill had said it would help destabilize Burma's corrupt military leaders by slashing a vital source of their income.

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